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Search Results 0 to 49 of about 120 (some duplicates have been removed)
Jul 10, 2012 7:00pm EDT
fret. >> reporter: wall street could certainly use another topic to focus on, what with europe dominating headlines for weeks. earnings season is likely to provide that distraction. but it's also likely to make many investors unhappy. that's because s&p 500 firms are expected to report only a 5.5% gain in second quarter profits. a few months ago, the number was a healthier 9%. >> it's very worrisome, because companies have already given a lot of negative pre-announcements. in fact, for every one positive pre-announcement, we've received three negative pre-announcements, which is the weakest showing since the fourth quarter of 2008. >> reporter: making matters worse, a big slice of the s&p 500's q-2 gain will come from one company, apple. the other 499 names in the s&p are dealing with a host of problems, including a slowing u.s. economy. on top of that, there's europe's big debt crisis and the emerging slowdown in china. >> double-digit growth in china has now shrunk to about 8%, and while that's still a great number, companies just can't rely on those outstanding sales numbers
Jul 13, 2012 7:00pm EDT
analyst fred cannon tells us why he's still recommending j.p. morgan stock and what to expect in the second half of the year. >> susie: and you may be one of millions of americans getting a health care rebate. we'll tell you why. >> tom: that and more tonight on "n.b.r.!" >> tom: j.p. morgan's trading mess lost much more money than first thought-- nearly $6 billion. that's almost triple the original estimate. still, the nation's biggest bank still managed to post a $5 billion profit in the second quarter. including items, earnings per share were $1.21, while down from a year ago, that's well above wall street estimates. suzanne pratt has the story. >> reporter: j.p. morgan had so much news to explain to wall street it held a two-hour analysts meeting here at company headquarters today after it released its earnings report. here's what c.e.o. jamie dimon had to say about the bank's big blunder. >> we are not proud of this moment, but we are proud of our company. we are not making light of this error, but we do think this it's an isolated event. one of the reasons you do hold capit
Jul 14, 2012 1:00am PDT
reported solid profits today. what is this telling us about the health of u.s. banks. >> banks are lenlding again. if you look at three quarters, here's been a growth in bank loans which matched what's going on in gross national products. so banks are leppedin lending a. it's good domestically. >> the bad news is all the large banks have capital market challenges we're talking about. >> susie: so citigroup and bank of america are reporting next week. what's the message from those banks? >> they've been more challenged than j.p. morgan and wells fargo. we don't expect the strength that we saw in these two banks to be reflected. that said, the core issues, loan growth in the united states, a relatively stable banking system over here should provide some positive backdrop for both companies >> susie: is this a turning point for the financials? how do you see the financial sector doing? >> we think it's a turning point in terms of domestic banks. we think there's good things going on. mortgage lending, overall business lending is picking up, and the credit position of these banks is ve
Jul 26, 2012 7:00pm PDT
figuring out how to adapt to the growing use of mobile technology. nearly all of facebook's revenues come from advertising, and that's more difficult with smaller screens. that's part of the reason facebook shares have gotten crushed-- they're down nearly 30% from the offering price of $38 in may. but some analysts still think the stock's a "buy." >> i think making money on facebook ultimately comes down to their ability to monetize mobile. it's almost binary. if they figure out a way to make money, the stock will be very successful; if they don't, then the stock will underperform the market. >> reporter: for now, many investors remain skeptical. when facebook went public, it had a valuation of $100 billion. now, it's closer to $60 billion. erika miller, nbr, new york. >> reporter: i'm diane eastabrook. still ahead--i'll tell you how the weber company is still keeping the grilling industry on fire after 60 years. "nhtly business report" is brought to you by: captioning sponsored by wpbt >> tom: "whatever it takes to preserve the euro. with that phrase, the head of the european centra
Jul 26, 2012 1:00am PDT
the hub and spokes, traditional carriers delta and us airways had better growth than anticipad. due like any of these? >> it wasn't growth in size. it was growth in earnings. they come across strong, and expecting the same for the third quarter. post labor day, i'm a little more nervous. i'm looking for one or two percent economic growth in the u.s., and i'm nervous about the tax cut in january. >> and we'll have a good quarter for carriers. >> tom: is us airways going to buy american airlines in the next 12 months? >> i think the probability of that happening nlt next year is 90% to less than 50/50. american wants to go it alone, and they expressed that. it might not be exclusive right. >> tom: a big change in that consolidation. >> and you mentioned the discount space. we've seen better bottom lines than anticipated in the likes of southwest airlines, spirit and hawaiian airlines. >> smaller carriers, different business model. anything to change with the headwinds out there? >> i don't count south southwest because they're not growing right now. but the niche carriers in special i
Jul 24, 2012 6:30pm PDT
. >> susie: those disappointing apple earnings could set the tone for trading tomorrow. joining us now to talk more about apple, joe mayer, technology analyst at motley fool. joe, you heard our report, a lot people, a lot analysts are saying that apple should get a pass this time because so many customers are waiting for that iphone 5. so is that fair? what do you say to that? >> i had a feeling you were going to hear that from apple, that there was going to be a miss. there probably is something to that and something to a larger issue with europe and china, both results there were weak across the board and they were okay in the u.s.. but i think it's pretty predictable that some people will put off buying the new iphone because there's going to be a newer, faster thinner one coming out, but at the same time that's a little bit of passing the buck. there's been a lot good material coming out from other manufacturers and there's been a lot of good competition while apple hasn't brought much to market in the past couple quarters. >> susie: so who is nibbling at apples angles? >> i think sam
Jul 19, 2012 7:00pm EDT
%. so, will that change in the rest of the year? joining us now to talk about the outlook for m&a, bob profusek, chairman of the global m&a practice at jones day. >> bob, you were responsible for two mergers today, including that c p&g deal we just mentioned. do you see more deals picking up the rest of this year? >> it's actually a pretty good deal environment. the numbers are down year over year, but the first half of 20 len wa2011 was very active. and at&t and stx t mobile for example. this is an active market, but like the economy in general, it lacks some animal instinct. there aren't those huge headline grabbing deals that i frequently see. not a lot of home runs, but plenty of singles and doubles. >> susie: what would you say about the deals i mentioned? it seems more strategic in nature than the big transformational deals you just mentioned. >> they are. they're kind of asset redeployment deals. ppg and georgia gulf, for example, those are two chemical companies coming together. it's a complex structure. ppg spins its business off and merges into georgia gulf. engineered a
Jul 18, 2012 4:30pm PDT
joins us to talk ibm, and preview what to expect from google and microsoft. and ben bernanke says he still has tools to boost the economy, we look at just what's in the fed's tool kit. that and more tonight on "n.b.r.!" "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: ibm boosted its outlook for the rest of the year, after second quarter earnings topped forecasts. ibm earned $3.51 a share, well above last year, and $0.09 above analyst estimates, but at just under $26 billion revenues fell short of expectations. >> ebay posted better than expected. earning a penny above estimates. revenues jumped 23% to almost $3.5 billion. enthusiasm about tech earnings helped wall street make strong gains earlier in the day. the dow rose 103 points and the nasdaq 32, and the s&p up 9 points. for more, david garrity joins us. the tech analyst. david, it's really interesting that at a time when ceos have been warning about earnings and revenues coming down for the rest of the year we have ibm boosting its numbers. what does ibm have going for it? >> it's focusing
Jul 9, 2012 6:30pm PDT
forecast out of europe, out of china, even out of the u.s. so fell us where you see the demand. >> well, we expect 7% demand goals this year. we also expect that the-- we see a very strong regional premium which show there is a tight innocence the market. where is that coming from? it's coming from aerospace. we have aerospace market these days with eight years of order backlog that's very substantial. and it's going toa while. we also see surprises here in the u.s., particularly coming from the automotive industry. and that's doubly positive for the aluminum industry because on the one hand we have seen so far in this year a 15% growth in automotive demand here in the u.s., very nice. in addition to that, we see that the amount of aluminum used in cars is going up. because lightweighting is the name of the game. emissions are coming down. consumers want to spend less money on their fuel and that's why they are going for. an on top of it there are new emissions regulations there, so this is all coming together. these are some of the right spots. >> susie: well, certainly you have been g
Jul 20, 2012 4:30pm PDT
forecast. global strategist nick colas joins us with an update. i.p.o.s were a brightspot. strong market debuts today from palo alto networks and travel site kayak. a look at whether i.p.o.s are making a comeback. and just two years ago, president obama signed the dodd frank financial reforms into law. a look at how that's changed the financial landscape. that and more tonight on "n.b.r.!" two new tech i.p.o.s debuted on wall street today and investors gobbd uphares of both, despite a wave selling in the broader markets. online travel company kayak software gained 28% to close at $33.18 a share. kayak upped its i.p.o. price last night and raised $91 dollars with the offering. meanwhile, shares of the security software firm palo alto networks soared almost 27 percent in their market debut. today's offerings cap off a busy week for i.p.o.s and suggest the market for new deals is back. suzanne pratt reports. >> reporter: two months ago, facebook and it's feeble public offering cast a dark shadow over the i.p.o. market. deals were pulled and investors got nervous. kayak software was s
Jul 19, 2012 1:00am PDT
32, and the s&p up 9 points. for more, david garrity joins us. the tech analyst. david, it's really interesting that at a time when ceos have been warning about earnings and revenues coming down for the rest of the year we have ibm boosting its numbers. what does ibm have going for it? >> it's focusing on making 50% of revenues from cost ware. they're not there yet, but that's the target by 2015. but the higher margin sales were certainly helping to drive the bottom line performance that for ibm is substantially better than expectations. at the same time, we have weak markets in franz, and italy down, and so all tolled, ibm benefitting from a better product mix, and cost reduction. >> susie: and looking at ibm stock, it was up in the regular session, and then again in afterhours toup $191. you're recommending the took. why do you like it? >> certainly, we think ibm is on track to grow earnings 10% a year from now to 2015. $15 a share this year to $20 by the time we get to 2015. we k that the company given the breadth and depth of their ability ha to grow earnings through a cyclical
Jul 6, 2012 4:30pm PDT
economy creates 80,000 jobs in one month, it's good enough to keep us from another recession. but, it's not good enough to chip away at that pesky unemployment rate. in the first quarter of this year, employers added an average of 225,000 jobs. but, in the second quarter the average downshifted to a disappointing 75,000. some economists credit warm winter weather for the early boost in hiring, saying it robbed jobs from the spring. but, no matter how you slice it, the economy is slowing and businesses are afraid to commit to new workers. >> the debt crisis in europe has the potential to dip the economy back into recession, although that's unlikely, it's probably a concern for businesses. and, secondly we have a lot of uncertainty related to tax policy and fiscal issues this year. >> reporter: today's weak data sparked new debate about what more the federal reserve can do to help. to some, a new round of bond buying, known as q.e.-3, looks like a strong possibility. >> it has to put quantitative easing othe table and has to be a viable option for the federal reserve. did this report tell
Jul 20, 2012 7:00pm PDT
joins us now. so, darren, do you agree with that news, that the financial system is better off, better prepared, stronger through all of this? >> well, i think part of it is the key word. hopefully. >> yes, to a degree it is stronger. the honest answer is, we're not going to know for sure if the tools work until we have another financial crisis, maybe from spain -- we hope not. regulators have new tools. they can look at insurance companys and hedge funds and other places they couldn't look before for trouble. they can also wind down firms. they couldn't do that with lehman, now thigh have the authority to do that. conservatives will say regulators have too much authority to wind down firms and that causes its own problem. >> susie: you know, the one thing that i hear a lot of from ceos and bankers is that all these rules and regulations are holding back companies from growing, and it's putting a strain on the economy. i don't know what you've heard. is that a fair to say, that dodd franks is hurting the economy? >> we hear it. i hear the same thing that you do. but i have to s
Jul 5, 2012 4:30pm PDT
market lower reminds us everything is really about what's happening in europe. we've got to remember the issue in europe is not that interest rates were too high, they're near zero as it is. the structure of issues are really more about bank integration, fiscal integration and political integration we think that's going to take a longer time to actually happen. >> actually to that point, a lot of the reaction today by analysts and economists was that we know we already have low interest rates and it's not doing much for growth and they were expecting for something more creative or more imaginative to become policy makers. what are your thoughts on that andres? >> well, i think it's okay to save some bullets in case others things develop in europe. it was prudent to just lower interest rates for now, and i think the market was expecting for more because that's what we've gotten in the past. having said that i don't think it was the wrong move to lower interest rates this time around. >> joel, do you think this will spur the fed to shift its thinking? >> not necessarily. the fed has ma
Jul 23, 2012 4:30pm PDT
: i'm tom hudson, "n.b.r."'s diane eastabrook joins us to talk mcdonald's; from earnings to europe and rising food costs, the outlook for the fast-food giant. >> susie: and we kick off a week long look at cyber security, focusing on the big business of protecting you online. >> tom: that and more tonight on "n.b.r."! >> tom: stock markets around the world staged a sharp sell off today, led by losses in europe. fears continue building that spain might need a full-scale bailout. here in the u.s., stocks sold off early, but pared back the loss by the closing bell. the w tumbd 10points, it had been down, as much as, 240 points earlier in the session. the nasdaq lost 35, the s&p was down 12 points. erika miller reports spain's troubles now include the country's regional governments. >> reporter: valencia, spain has long been known for two things-- paella and its large port. but lately spain's third largest city has garnered unwanted attention as the first spanish region to seek a bailout. six others are in danger of following suit. >> it's worrisome, in the sense if they start to line u
Jul 17, 2012 4:30pm PDT
have some arrows in their quiver, but they don't have a lot. what could they do? they could use communication, they could extend the period over which they expect to keep short-term rates low. to help hold down long rates. they could do another asset purchase program, that could squeeze down long-term rates a bit. but there's not a ton of things that they can do, and there's certainly no pan asee a, no magic wand they can wave to make the economy great. if there were such a thing they would have used it already. >> susie: there still is the question that if the fed does have to intervene, when might they do it. do you see something happening this year, maybe at the july meeting or at their august fed conference in jackson hole? >> i think it obviously depends on the evolution of the economy and so on. i don't think they're right on the cusp of doing something again, they just extended the maturity extension program at the last fomc meeting. but if the economy doesn't start to show some signs of gaining a little momentum and some of these down side risks are still out there, i th
Jul 12, 2012 6:30pm EDT
web giant's turnaround plan. joining us now, scott kessler, senior equity analyst at s&p capital i.q. you know, scott, this company is one thing or another. you say that things are stabilizing at yahoo. tell us why. >> we think so, susie. if you think of the last year, the company has had i think four ceos. it's really astounding. and actually haven't decided on a permanent ceo. the krntd acting ceo is ross levinson has been in the company two years. we think the company would be best suited to put him in that chair. we think he has brought a lot of the stability that you refer to to the company. he has a steady hand. he has experience, and he's well likeed and respected across the industry. in addition, they've done a number of content partnerships as of late, and announced that they're actually moving forward on selling part of a stake in the chinese internet conglomerate. >> susie: you know, since you brought up the subject of management and ross levinson. put up a graphic to remind everybody how many ceos they've had going back to terry simmel, and then the founder jerry wang who
Jul 17, 2012 1:00am PDT
markets go sideways between now and the end of the year. tell us why. >> well, i think it's just too soon for it to go up. nothing is really fixed and it's really too soon for it to go down. things have are very cheap. we know what our problems are. we know what the issues are and if we have any problems we can sort of push them down the road. we are truck in this trading bin and it's very frustrating. >> susie: when do you see us breaking out of this trading band and should investors wait around? >> there is a pot of gold at the end of the rainbow in my opinion, at least. i think it's going to take six to nine months. the markets have become controllers of the decisionmakers. the markets are intolerant of in i excesses built into the system and they're correcting them. they are moving sharply lower when they have to not deeply, but sharply. that has an effect. slowly but surely over the next six to nine months the world's economic miss and the world leaders are putting into place things that can give as you more normal valuation on the market. s >> susie: as you know, this is a
Jul 30, 2012 7:00pm EDT
jobs added, and unemployment rate. the kind of report that doesn't give us much cheer because the economy is not really moving forward. >> susie: a lot to look forward to this week. thanks nick colas from the convergex group. >> tom: jury selection got underway today in a san jose federal courtroom as technology giants samsung and apple battle over what could determine who controls the u.s. smart phone and computer tablet markets. ruben ramirez reports. >> reporter: it's the latest and could be the most-watched high-stakes court fight between apple and samsung over patents. at issue is product design. apple sued samsung claiming samsung copied the look and feel of its iphone and ipad. for its part, samsung claims apple copied the iphone from sony. but late yesterday, the judge overseeing the case ruled samsung can not argue sony may have influenced apple's iphone design. combined both companies produce the top two smartphones in the world. >> this is really a test to see whether or not the technologies that apple has developed over the last number of years are in fact being protec
Jul 31, 2012 6:30pm EDT
that mean for us here in the u.s. economy? >> well, as you know, company that is do business outside of the u.s. have struggled more than pure domestic companies, eand consternation is in europe around the debt situation. >> it took years for europe to get into this mess, tell take years to get out. not one ecb meeting is going to soflt the problem. however, mario dragly said we will do what it takes. i don't know what that means, but i think bold measures need to come from the ecb soon like buying bonds from spain and italy. >> what should they do. stocks, bonds or cash? >> diversification makes sense. that doesn't mean all cash. it means you need to own some equities. >> and stock markets, despite the consternation is up 10% this year, and we're only in the seventh month. i think equities need to be owned. >> all good things. senior adviser at black rock. >> tom: power is slowly returning to the half of india that lost electricity this week. the power grid took a second hit in as many days. >> grids that supply electricity to 700 million people collapsed. trapping coal miners and b
Jul 27, 2012 6:30pm PDT
, they're telling us that they will be on hold until late 2014. they may decide to go ahead and extend that to 2015. >> tom: the fed's main interest rate has been near zero for four years. and it turns out, the great recession wasn't quite so deep. revisions released today said the economy shrank by 4.7% during the recession, slightly less than the previous estimate of 5.1%. >> susie: despite that, consumers are still feeling blue. they're worried about the economy and that's why confidence among american consumers fell in july to the lowest level this year. the thomson reuters university of michigan survey shows consumer sentiment dropped to 72 this month, down from june's reading. it was expected to rise. but it's not just consumer confidence that's collapsing. as erika miller explains, so is financial confidence. and that may be a worrisome sign for the economic recovery. >> reporter: for many, the worry is savings. >> the past few years i really haven't been able to save up. i've been using some of the savings. but i haven't saved up much. no. >> reporter: for others it's rising expense
Search Results 0 to 49 of about 120 (some duplicates have been removed)